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In a turnaround, congressional analysts are no longer recommending a phaseout of paper dollars in favor a dollar coin. Paper money is lasting longer because of cashless transactions.
Employers added 196,000 jobs in March, bouncing back from February’s weak growth, the Labor Department said Friday. The jobless rate was unchanged at nearly 50-year lows.
President Trump has threatened to close the U.S. border with Mexico in response to a large number of illegal crossings. A closure would likely hit a wide range of industries, from produce to autos.
The Federal Reserve left interest rates unchanged Wednesday and signaled that no more rate hikes may be necessary this year amid signs of economic slowing.
President Trump used his veto pen for the first time Friday. GOP senators who bucked the president in Thursday’s vote said they did so to preserve congressional control over government spending.
President Trump’s 2020 budget proposal, released on Monday, calls for $8.6 billion in new border wall funding, along with increased military spending and deep cuts to domestic programs.
President Trump has suspended a planned increase in tariffs on hundreds of billions of dollars in Chinese imports, after what he called “very productive” trade talks in Washington this weekend.
President Trump is hunting for his third chief of staff in less than two years. So far, he is not finding many takers. “You have to wonder who would want to take this job,” said one scholar.
The patriarch of a political dynasty, Bush was the last World War II vet to serve in the Oval Office. His son George W. called him “one of the greatest one-term presidents in the nation’s history.”
Angered by General Motors’ decision to idle plants and lay off thousands of workers, the Trump administration threatened to retaliate by withholding federal subsidies for the company’s cars.